EXNESS - Analytics


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    EURUSD: consolidation around the 1.1 level

    Sell on a level breakthrough of 1.0973 with 1.0915 target. Stop loss = 1.1030.

    Reason for the trading strategy

    The July data on the ZEW institute's business optimism index in Germany were worse than expected, but did not have a significant pressure on the euro, as they included the uncertainty regarding Greece. If today, the Greek parliament approves the creditors' proposal made on July 12-13, demand for the euro will increase However, there are risks of a short-term decline of the euro to the 1.0915 level.


    EURUSD, H4


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